Mycelium Partners with BlocPal to Enable Crypto-Fiat Solutions for Next Generation Mycelium Wallet 11328

Mycelium, creators of The Default Bitcoin Wallet, have partnered with BlocPal International, a leading global fintech and blockchain technology company, to strengthen their offering of crypto-fiat features in their next generation Mycelium Wallet. The upgraded wallet will provide consumers with more options to use their crypto to transact with traditional fiat banking and payment related services. The partnership will also provide Mycelium users in the USA and Canada with a Mycelium credit card which can be loaded from their Mycelium wallet balances. Mycelium credit cards are also planned to be rolled out later to users across Europe, the United Kingdom and South America.

Mycelium is one of the world’s most established blockchain brands. The Mycelium wallet launched in 2012 and is now one of the most widely used digital wallets on the planet. With over 2.2 million downloads on the Android and Apple app stores, the platform has an active user base of over 235,000 users facilitating over 10 thousand daily cryptocurrency transactions. According to Alexander Kuzmin, founder and CEO of Mycelium, “this strategic partnership with BlocPal helps us continue to scale as a global, consumer focused brand. By offering more options to use crypto together with traditional fiat payment transactions and bank cards, we are able to deliver a powerful, fully integrated experience to our users.”

BlocPal is a Vancouver-based, global fintech company providing first-of-class enterprise, blockchain-based technology to both consumers and enterprise customers. BlocPal provides customers with digital transaction solutions via API and customized white label services. An essential part of the Company’s platform is the BlocPal blockchain which securely manages both crypto and fiat transactions with Know-Your-Customer (KYC) verification to ensure regulatory compliance. “We are really excited to have Mycelium integrate BlocPal’s services into the Mycelium wallet,” said Nick Mellios, CEO of BlocPal. “Partnering with such a well respected brand is a great way to showcase our integrated fintech services for digital wallets. We are committed to helping the Mycelium team achieve its goals for future service levels and consumer adoption.”

The upgraded Mycelium wallet will allow users to create native BlocPal blockchain wallet addresses and deposit BTC, ETH, XRP, BCH, BSV, LTC and USDT to their wallet address to conduct instant transactions with each of these cryptocurrencies. Using the crypto funds deposited, users will be able to load their virtual and physical Mycelium credit cards for transactions with merchants around the world. Users will also be able to recharge airtime minutes with over 132 countries worldwide, make bill payments and pay with crypto instantly at any merchant participating in the BlocPal merchant network.

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Digital Asset Fintech Company, The Bayesian Group, Launch 18434

The Bayesian Group is a global digital asset fintech initiative consisting of a collection of strategically aligned businesses with the singular goal of moving the world into a frictionless, digital-first financial future. The Group currently operates with two distinctive pillars, namely:

i. Bayesian Markets: headed by Steven Walt, previously Head of OTC at Paycase Financial and National Bank (Canada). Bayesian Markets’ Market Making service uses proprietary trading bots to place multiple orders for particular digital assets across multiple exchanges, to boost overall liquidity. The Liquidity Provision service aims to provide wholesale liquidity to regulated digital asset on/off ramps to facilitate its use and broad adoption. Over The Counter (OTC) facilitates the purchase and sale of large amounts of digital assets, made possible by access to deep liquidity pools and proprietary trading algorithms without impacting market prices.

ii. Bayesian Fund: Headed by Kamyar Hazaveh, before joining Bayesian Group he was the Vice President of Fixed Income at CI Investments, overseeing $15 billion of global fixed income and FOREX assets for retail and institutional clients.

In the backend, the Toronto-based Group uses blockchain technology to make transactions and store data. After evaluating Ethereum, BTC Core, BCH and Litecoin, they decided to utilise the Bitcoin SV protocol. Many factors influenced this decision; however, at its core, the decision was based on the scalability of the network. The Bayesian Group believes in a world where everything is tokenized and transferrable to accomplish that fees need to be as low as possible to remove any barriers to entry.

The CEO of the Group, ex-Harvard, Computer Science alumnus with both legal and hedge fund background on the CV, Roy Bernhard, commented: “We have been open for business for a very short period of time so, to be already working with some household names in the digital currency world, shows me that we must be doing something right. We will roll out more details on how our services are truly unique in the coming weeks, We believe we have some algorithms and features that are game-changers in trading digital assets.”

About Bayesian Group:

The Bayesian Group is a collective of companies operating in the Fintech and Digital Asset Investment market. Bayesian Labs creates software, market research and trading algorithms. Built on top of that technology and research are financial services such as Market Making, Liquidity Provision and an OTC desk delivered by Bayesian Markets. The Bayesian Fund (a segregated portfolio) is an alpha-generating A.I-powered hedge fund that leverages proprietary algorithms to provide outsized returns to its institutional investors. The Bayesian Group is dedicated to showing the world the power of Digital Assets within a regulated, private, secure global economy.

Arca Offers The First SEC-Registered Fund Issuing Digital Securities 20653

Arca, an innovative, digital asset investment firm that blends traditional finance with cutting edge blockchain technology, today announced that the Arca U.S. Treasury Fund (the “Fund”), an SEC-registered closed-end fund, is available for investment. The Fund is the first product registered under the Investment Company Act of 1940 (“’40 Act”) to offer its shares as digital securities, called “ArCoin.” Shareholders can directly transfer ArCoin using blockchain technology, broadening the use cases within the digital ecosystem.

The Arca U.S. Treasury Fund invests 80% of its portfolio assets in interest-bearing, short-duration, U.S. Treasury securities and seeks to combine the regulatory standards applicable to an SEC-registered closed-end fund with the efficiencies of blockchain technology. Each ArCoin is a share in the Arca U.S. Treasury Fund. Accrued interest is paid directly to ArCoin holders each quarter.

ArCoin was created by Arca Labs—Arca’s innovative, digital product development division—as the first product in an upcoming portfolio of complementary ’40 Act financial products being developed for the digital marketplace. Arca Labs creates tomorrow’s digital investment products in SEC-registered structures of today.

“Our announcement today is a ground-breaking and transformative step toward the unification of traditional finance with digital asset investing as this new category of regulated, digital investment products is made available to investors,” said Rayne Steinberg, chief executive officer of Arca. “It is truly exciting to be pioneering new digital investment products through our Arca Labs division that marry best practices used in traditional finance with the many potential benefits of digital and blockchain technology—this is the next stage of development for the digital ecosystem.”

“We have seen a dramatic shift in our world from physical to digital during the last several years and an accelerated move toward digital in the last four months amid the COVID-19 pandemic,” said Jerald David, president of Arca Capital Management LLC, which oversees Arca Labs. “The digital assets ecosystem is a rapidly growing and evolving industry. We are establishing Arca Labs at the forefront of this industry to innovate digital investment products that provide regulatory oversight and transparency, along with daily valuation, that investors look for in their traditional core investment holdings. Furthermore, ArCoin offers enterprises the opportunity to manage their business operations, treasury management and payments with greater efficiency, less cost, faster settlement times and direct tracking of all transactions.”

Built on the Ethereum blockchain, ArCoin is an ERC-1404 token that provides customers digital access to sophisticated protections and transparency. The Fund is registered under the ’40 Act, providing daily net-asset-value (“NAV”) reporting, bankruptcy protections, periodic audited financial statements, and assets held in a statutory trust overseen by an independent board of trustees.

ArCoin offers digital enterprises and investors multiple use cases and widespread integration. Individuals could use ArCoin as an alternative to volatility in other digital assets, while financial institutions and digital asset enterprises could use ArCoin for clearing and settlement, lending, treasury management, and payments in industries where banking has created friction.

Investments in the Arca U.S. Treasury Fund can be made directly via the ArCoin.ArcaLabs.com website beginning today with a minimum purchase of $1,000. Shareholders are required to establish an account with the Fund’s transfer agent and must complete required know-your-customer and anti-money-laundering (“KYC/AML”) documentation, as is recognized as best practice in the digital investing industry, prior to any investment.

GiveSafely.io Launches as a Secure Trust-based Donation Platform for Leading Charities to Incentivize and Interact With New Donors 20144

Donation platform GiveSafely.io has launched today with notable BBB Wise Giving Alliance’s (BBB WGA) accredited charities including: Save the Children, Easterseals, Physicians Committee for Responsible Medicine, Population Media Center, RedRover, Wild Animal Sanctuary, Cure Alzheimer’s Fund and World Emergency Relief. The platform aims to provide a safe and transparent space connecting the donors with charities ensuring any personal information is secured by the Ardor blockchain. Donors who agree to share their information with charities, are rewarded with TrustTokens.

GiveSafely.io has been launched with the aim of reaching out to younger and more technologically proficient donors who are less likely to make donations compared to older or less technologically savvy ones. This is despite the fact that both Generation Z and Millennials indicated a higher willingness to be approached by charities to give (19% and 23%, respectively) compared to 11% for the general population. GiveSafely.io plans to engage these donors on terms more accustomed to them. The platform also aims to restore trust in the online donation model, address concerns people have about misuse of their personal data and potential hacks. All personal information is stored on the Ardor blockchain and is only accessible to charities with donor permission.

Art Taylor, CEO, BBB Wise Giving Alliance: “This platform will provide new forms of engagement with Millennials and Generation Z which we believe are critical audiences for the future growth of philanthropy. Even prior to the COVID-19 pandemic, charities were facing a wide variety of challenges in how their traditional fundraising model operated, we believe this new donation platform will help strengthen donor trust in charities while also providing a bridge to younger donors seeking new forms of engagement.”

“We are living through a period of unprecedented technological change and disruption,” states Ettore Rossetti, Senior Advisor, Digital, Marketing and Fundraising, Save the Children. “This is having far reaching impact on how traditional industries operate including non profit organizations. For charities to thrive in these increasingly uncertain times, they should look to embrace new technologies when trying to reach new, potential donors. Test, learn, innovate.”

In addition to strengthening trust in the online donation model, the TrustTokens people are rewarded with can be redeemed for gifts and online experiences that combine a human element with a connection to the charity’s mission. These 15-20 minute experiences include offers like healthy cooking tips and a discussion of what it’s like to work at the selected charity, and other conversations that connect them to the charity’s mission. GiveSafely.io also enables cryptocurrency users to make donations directly to charities, responding to a recent finding that 25% of wealthy Millennials hold or use digital currencies and 31% have expressed an interest in using it (Edelman Report, Millennials with Money).

VeChain Powers DNV GL’s My Care: A Hospital-grade Infection Risk Management Solution 18535

With the COVID-19 pandemic threatening individuals and businesses worldwide, infection risk management has been a tough challenge. To help companies better handle this problem, DNV GL, one of the world’s largest assurance companies with over 15,000 professionals globally and over 110,000 customers, has designed, developed and released a blockchain-enabled infection risk management solution called My Care, which aims to assess, manage and mitigate infection risk in management processes, business dealings and operations for enterprise users.

This new initiative and product by DNV GL will be enhanced and powered by VeChain’s blockchain technology. In particular, the VeChain ToolChainTM BaaS Platform will be used to support DNV GL to launch this brand-new digital product in a rapid lead time.

First enterprise level customer to take advantage of this new solution is Viking Line, a publicly traded shipping company with an annual revenue of ~EUR 500 million. On June 17th, 2020, the company Viking Line announced to use My Care. More companies are expected to be on-board as DNV GL expands the scope of the product and enterprise adoption efforts.

VeChain Enhances DNV GL’s Digital Transformation Strategy

Since the announcement of our strategic partnership in January 2018, the collaboration between VeChain and DNV GL has been progressively promoting the adoption of blockchain to help enterprises bolster the transparency and trust between their customers and products. VeChain has been the infrastructural technology behind the various blockchain powered initiatives offered by the DNV GL portfolio of services.

By using VeChain ToolChainTM, DNV GL took the first step in May 2019 to develop its My StoryTM, a digital assurance solution that aims to track each stage of a product’s manufacturing cycle with the use of blockchain technology. My StoryTM is just one of the many different VeChain-powered services that DNV GL offers.

My Care To Assist COVID-19 Infection Risk Management

As the world grapples with COVID-19, managing infection risk requires a new approach to disease control and prevention, and new operating procedures and assurance practices would need to be introduced. This led to the introduction of My Care to assist companies on preparedness and readiness of infection risk management.

With the combination of standard templates, customizable tools, data value visualization tools and third-party certification services, VeChain ToolChainTM has been the technical foundation for different digital solutions. DNV GL’s My Care is another one of them that will utilize the VeChainThor blockchain for all data related purposes.

A Hospital-Grade Solution To Resolve COVID-19 Pain Points In Enterprises

The My Care methodology is derived from the approach DNV GL applies to assess infection risk management in hospitals. The solution is a suite of independent assessment services designed to help businesses reassure stakeholders that they have put infection risk management at the core of their risk management strategy. It brings together aspects of DNV GL’s healthcare standards, best practices in risk management, HSE (health, safety, and environment) and quality management systems and maturity safety rating standards.

For customers and other stakeholders, scanning the QR-code embedded in the My Care trust mark will provide users access to DNV GL’s assessment statement. These assessment statements are stored on VeChainThor blockchain, providing added trust and integrity. With blockchain, businesses can be assured that their infection risk management and best practices is effectively communicated to customers.

For enterprises looking to return to business, My Care’s holistic approach affirms its capability to manage and prevent infection risks, including COVID-19, enables readiness to deal with infectious diseases today and can drive lasting changes that build long-term business resilience.

Blockchain Powered Solutions To Further Expand On A Global Scale

As a major emerging technology in various industries, blockchain is quickly bringing about further digitization in the business world, which is an opportunity for both VeChain and DNV GL to further enhance our strategic partnership and facilitate business growth.

VeChain ToolChainTM has been receiving acknowledgement from various industries as a solution for persistent problems that hold back business growth, such as sustainability management, supply chain optimization, responsible manufacturing, and real-time asset flows.

Sunny Lu, co-founder and CEO at VeChain stressed, “As we contend with the new normal due to COVID-19, the demand for trust has never been so important. Blockchain will be one of the driving forces to increase confidence in data integrity, business credibility, and mutual trust in multi-party collaboration. With VeChain ToolChainTM, we have great confidence to support DNV GL’s digital transformation strategy to develop more digital solutions like My StoryTM and My Care to expand and improve their offerings to serve their clients worldwide.”

Lower Power Costs Becoming Essential Component for Profitability of Digital Mining Operations 19558

The rise in popularity of digital mining and the underlying blockchain technology presents both challenges and opportunities to the energy sector. Cryptocurrency mining is a difficult and costly activity. Miners must pay to build ever increasing bigger rigs capable of vast amounts of processing power, and then the rigs themselves must be powered with large quantities of electricity.

Companies with the access to electricity resources have a huge ‘leg-up” on their competition… so the race to acquire sources of inexpensive electricity can be a life-or-death situation for the mining facility. Many installations actually decide where to build their facilities based largely on the local availability of energy production facilities. As a result, the largest mining operations are springing up in parts of the world with cheap electricity, like China. In 2018, the state of Washington, by some estimates, hosted 15%- 30% of all Bitcoin mining operations globally due to availability of less expensive power sources. The cost matters! Profitability in a large part, relies upon how much their electricity costs… and IF they can even get all that they need.

An article in The Economist said: “BITCOIN has been alarming people for years because of the amount of electricity needed to mint new virtual coinage. Alex de Vries, a bitcoin specialist at PwC, (estimated) that (in 2018) the… global power consumption for the servers that run bitcoin’s software is a minimum of 2.55 gigawatts (GW), which amounts to energy consumption of 22 terawatt-hours (TWh) per year—almost the same as Ireland. Google, by comparison, used 5.7 TWh worldwide in 2015. What’s more, bitcoin “miners” consume about five times more power than they did last year, and orders of magnitude more than just a few years ago—and there are no signs of a slowdown.

An article in VOX added: “As the value of the digital currency has climbed, so has the amount of energy needed to keep this online economy running, which… exceeds the energy use of (over) 159 individual countries…”. All indicators seem to project that it will continue to grow in the years to come.

“We are very pleased to be working with an experienced, professional group such as Block One Technologies,” said Stephen Jenkins, President & CEO of Link. “This partnership allows Block One to access our existing power assets in order to conduct its digital mining operations more cost effectively, while also allowing us to expand our current business operations. While this is the first formal agreement between Block One and Link, the companies intend to pursue future agreements that will play an important role in Link’s growth strategy.”

Bijan Alizadeh, Founder & Chairman of Block One, commented: “By working with Link, Block One can take advantage of the competitive energy prices Link offers, while continuing to expand our digital currency mining operations. We have deep expertise in the digital mining space and partnering with Link on power supply makes a lot of sense for us and our clients.”

iTrustCapital Releases New Revolutionary Physical Gold Product on IRA Platform Utilizing Kitco Metals 22422

iTrustCapital, an investment platform for alternative assets in retirement accounts, today launched a new service that utilizes Kitco Metals and Tradewinds Markets Vaultchain™ Gold to deliver a revolutionary new product for precious metals investors. In 2020, we find ourselves in times of unprecedented economic uncertainty. As world governments print ever-growing amounts of money, millions of Americans seek ways to protect their wealth in a system stressing itself to the limits. Even though investors have billions of capital in Gold ETFs like GLD, many others distrust these traditional financial offerings. They want the added security of knowing the gold exists and is tied to an account in their name.

iTrust’s service gives clients the ability to buy and sell physical gold 24/7. Clients place trades through iTrust’s interface and executed through precious metals leader Kitco. The client’s ownership is ledgered on the Tradewinds blockchain with Vaultchain® Technology and securely stored at the Royal Canadian Mint. The assets are 100% backed with physical metals and deliverable upon request through iTrust’s service.

This modern solution solves a significant problem. Physical ownership of precious metals typically carries substantial costs over spot price – especially when custodied for an IRA. The nuts and bolts of transport, storage, and order execution contribute to expenses, at times exceeding 30% of the value of an order.

“I’ve been involved in the gold IRA space for more than a decade. iTrust’s solution to investing in physical gold in IRAs is by far the best option for investors,” said Blake Skadron, Co-founder & Chief Operating Officer at iTrustCapital. “Clients get all the benefits of owning gold and avoid the pitfalls of other IRA models such as paying high markups, dealing with commission sales reps, or suffering from inferior liquidity when it’s time to sell.”